She’s been interim CEO since March, following George Beasley’s medical leave of absence. As of January 1, the interim tag comes off and Caroline Beasley will become the company’s permanent Chief Executive Officer.
About the change at the top, George Beasley said, “Caroline brings to her new role an unrivalled passion for radio, our stations, and the markets where we operate and I am proud that she will lead our expanded base of operations. She has the experience and industry knowledge to compete effectively in today’s multi-platform environment and has been instrumental in building our station platform and digital operations while bringing new efficiencies to our organization. I am confident these accomplishments and experience will serve us well as we integrate the Greater Media assets and derive value from this compelling, value-building transaction. We look forward to the benefits of Caroline’s leadership, experience, and relationships as we execute on our plans to further broaden the Company and ensure that our stations deliver excellent entertainment for listeners and high value for our advertising and brand clients.”
Ms. Beasley has served as the Company’s Executive Vice President, Chief Financial Officer, Treasurer, and Secretary since 1994, and as a director of the company since 1983. George Beasley will continue to serve as the company’s chairman of the board and Ms. Beasley will continue to serve as a board member. Marie Tedesco, who presently serves as the company’s Vice President of Finance, will assume Ms. Beasley’s responsibilities as Chief Financial Officer, effective January 1, 2017. The company is holding a conference call at 10 a.m. to discuss its 3rd-quarter earnings.
